ASOS Profit Jumps During Coronavirus Pandemic
ASOS Profit Jumps During Coronavirus Pandemic
Top UK Retailers UK Perform Well During Coronavirus Pandemic
ASOS Quadrupled Profit Benefiting From Increased Consumer Demand During COVID-19 Pandemic And Forecast Further Improvement
ASOS sales rose 19 percent. ASOS the UK online retailer has benefited from the movement of retail sales from the High Street to online sales. This increase in profit was achieved despite its key target 20-something age group market suffering greatest jump in in unemployment levels in UK.
Online retailer ASOS is now worth more than twice the market capitalisation of Marks & Spencer the UKs biggest clothing retailer by sales that has historically had poor internet offering but strong High Street presence.